Covad to Delay Release of Results
Amid a Review of Its Accounting

A WSJ.com News Roundup

Updated Feb. 20, 2001 12:01 a.m. ET

Trading in shares of Covad Communications Group Inc. was halted Friday after the high-speed Internet-access provider postponed its 2000 earnings announcement and said its restructuring plan cost more than previously thought.

Covad executives said they need more time to review accounting procedures, and the cost of closing facilities and laying off 800 workers. That restructuring, originally estimated at $20 million, is expected to be...